The following information relates to the manufacturing operations : Beginning Ending Raw materials inventory $ 61,000...
The following information relates to the manufacturing
operations :
| Beginning | Ending | ||||
| Raw materials inventory | $ | 61,000 | $ | 64,000 | |
| Finished goods | 72,000 | 64,000 | |||
The raw materials used in manufacturing during the year totaled
$122,000. Raw materials purchased during the year amount to:
Homework Answers
Raw materials inventory beginning = $61,000
Raw materials inventory Ending = $64,000
Raw materials used = $122,000
Raw materials used = Raw materials inventory beginning + Raw materials purchase - Raw materials inventory Ending
122,000 = 61,000+Raw materials purchase- 64,000
Raw materials purchase = $125,000
Finished goods inventory is not required to calculated raw materials purchase, hence it has been ignored.
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The following information relates to the manufacturing
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Raw materials inventory
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